Acorah Software Products - Accounts Production 16.6.950 false true true 31 March 2024 29 September 2023 false 1 April 2024 31 March 2025 31 March 2025 15174978 Mr J F Swarbrick Mrs H J Swarbrick Mr D J Suggitt Mr D Sparke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15174978 2024-03-31 15174978 2025-03-31 15174978 2024-04-01 2025-03-31 15174978 frs-core:ShareCapital 2025-03-31 15174978 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 15174978 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 15174978 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 15174978 frs-bus:SmallEntities 2024-04-01 2025-03-31 15174978 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 15174978 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 15174978 frs-bus:Director1 2024-04-01 2025-03-31 15174978 frs-bus:Director2 2024-04-01 2025-03-31 15174978 frs-bus:Director3 2024-04-01 2025-03-31 15174978 frs-bus:Director4 2024-04-01 2025-03-31 15174978 frs-countries:EnglandWales 2024-04-01 2025-03-31 15174978 2023-09-28 15174978 2024-03-31 15174978 2023-09-29 2024-03-31 15174978 frs-core:ShareCapital 2024-03-31 15174978 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 15174978
EMHEDA Property Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15174978
31 March 2025 31 March 2024
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 2,217,856 -
Debtors 5 19,639 3,750
Cash at bank and in hand 137,049 1,322,600
2,374,544 1,326,350
Creditors: Amounts Falling Due Within One Year 6 (2,533,282 ) (1,332,200 )
NET CURRENT ASSETS (LIABILITIES) (158,738 ) (5,850 )
TOTAL ASSETS LESS CURRENT LIABILITIES (158,738 ) (5,850 )
NET LIABILITIES (158,738 ) (5,850 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (158,838 ) (5,950 )
SHAREHOLDERS' FUNDS (158,738) (5,850)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J F Swarbrick
Director
18/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
EMHEDA Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15174978 . The registered office is 10 Belgrave Crescent, Harrogate, HG2 8HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company
has adequate resources to continue in operational existence for the foreseeable future. The validity of this is
based upon the continued support of a connected company loan. Confirmation of this support has been
obtained thus the director continues to adopt the going concern basis of accounting in preparing the financial
statements.
2.3. Stocks and Work in Progress
Stocks of properties for sale, including properties completed and under construction are valued at the lower of cost and estimated selling price less costs to complete and sell. They are subject to an annual impairment review.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Stocks
31 March 2025 31 March 2024
£ £
Stock 2,217,856 -
Page 2
Page 3
5. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Other debtors 19,639 3,750
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Other creditors 2,533,282 1,332,200
7. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Amounts due to the directors by the company at the year end was £nil (2024 - £525,000).
Page 3